iShares MSCI USA Min Vol Factor ETF (BATS:USMV) Sets New 1-Year High – Here’s What Happened

iShares MSCI USA Min Vol Factor ETF (BATS:USMV) shares hit a new 52-week high during trading on Monday . The stock traded as high as $90.21 and last traded at $89.94, with a volume of 1143913 shares traded. The stock had previously closed at $89.97.

iShares MSCI USA Min Vol Factor ETF Price Performance

The business’s 50-day moving average is $91.14 and its two-hundred day moving average is $86.69. The firm has a market cap of $26.35 billion, a P/E ratio of 25.30 and a beta of 0.59.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of USMV. Cetera Investment Advisers boosted its holdings in shares of iShares MSCI USA Min Vol Factor ETF by 270.9% in the 1st quarter. Cetera Investment Advisers now owns 1,895,974 shares of the company’s stock valued at $158,465,000 after buying an additional 1,384,833 shares during the last quarter. Dynasty Wealth Management LLC acquired a new stake in iShares MSCI USA Min Vol Factor ETF in the 1st quarter valued at about $83,046,000. Carrera Capital Advisors acquired a new position in iShares MSCI USA Min Vol Factor ETF during the second quarter worth approximately $33,148,000. Symmetry Partners LLC raised its stake in iShares MSCI USA Min Vol Factor ETF by 75.6% in the second quarter. Symmetry Partners LLC now owns 769,232 shares of the company’s stock valued at $64,585,000 after buying an additional 331,096 shares during the period. Finally, Granite Bay Wealth Management LLC raised its stake in iShares MSCI USA Min Vol Factor ETF by 5,487.5% in the second quarter. Granite Bay Wealth Management LLC now owns 331,843 shares of the company’s stock valued at $27,303,000 after buying an additional 325,904 shares during the period.

iShares MSCI USA Min Vol Factor ETF Company Profile

The iShares MSCI USA Min Vol Factor ETF (USMV) is an exchange-traded fund that is based on the MSCI USA Minimum Volatility (USD) index. The fund tracks an index of US-listed firms selected and weighted to create a low-volatility portfolio subject to various constraints. USMV was launched on Oct 18, 2011 and is managed by BlackRock.